IOTA (MIOTA) Partners With Autobahn To Create More Innovations In Tech Industry

IOTA (MIOTA) – After a recent struggle for the 9th position with Tron in the market, IOTA seems to be sitting comfortably at the 9th realm, all thanks are dues to the bombastic and gigantic developments the Cryptocurrency has been amassing lately, creating more and more solution in real-world case usage.

Flagging another advancement in the real-world use case, IOTA, which is celebrated as the first open-source distributed ledger that was built to power the future of the Internet of Things with feeless microtransactions, is in a partnership with Porsche Digital Labs to create an outstandingly innovative project that will feature many Startup tech companies.

The news was released, following an update shared on IOTA’s Twitter handle, stating that IOTA will be working with Porsche Digital Labs on a proposed innovative project by Germany based Startup, Autobahn.

Autobahn chose IOTA to make use of its blockchain technology to create ‘Program 4’ project on Smart Mobility platform

Founded by Daimler, Plug and Play, University of Stuttgart, and Arena2036, Startup Autobahn will be enabling projects jointly with young tech companies and established corporations to create technology-based ideas, amongst which 31 tech companies were selected, where IOTA was also a selected participant.

So far, in 18 months, a total record number of 130 projects has been initiated by Startup Autobahn, and it intends showcasing more project on Expo Day slated for July 2018.

Program 4, moderated by Plug and Play saw the participation of only 10 Germany based Startups, while others lie in other European countries, like Switzerland, Belgium, Austria, among others, and other non-European counties like USA, Israel, Canada, Japan and Australia.

Founded in 2006, with its Headquarter in Silicon Valley, Plug and Play is an international innovation platform that connects startups, industrial companies and investors together to initiates 100 Seed investment on startups a year.

Plug and Play has been able to partner with 120 industries, 180 investors and business angels, countless of top-class startups, and it has so far secured a total of $3.5 billion funds for startups like Danger, DropBox, Lending Club, PayPal, SoundHound, and Zoosk.

Porsche

Porsche is not a newbie of blockchain technology as the automobile company, in February aired that it will be initiating Blockchain apps on its vehicles in partnership with the XAIN startup based in Berlin, where Porsche stated that it is “the first automobile manufacturer to implement and successfully test Blockchain in a car.”

IOTA In Recent Developments

The month of April has been a tremendous and fruitful one for IOTA as the blockchain technology company has been creating solutions and innovations in different sectors, exactly why it was tagged the only blockchain technology that is viable in the real-world use case.

IOTAs trip to Germany, where it was granted the opportunity to present at the world largest industrial trade fair in Hannover Messe is a big one for many reasons. The trade fair gave IOTA team an opportunity to discuss IOTA technology to the participants .

IOTA At Hannover Messe Trade Fair

Although IOTA has been trudging the nook and cranny of the world to get all possible partnership in a bid to create solution to the problems of the world, but the altcoin’s trip to the Hannover Messe industrial trade fair seems to be the most imposing and outstanding of all, as the company immediately got initiation and collaboration with who is who companies in the tech industries.

While Distributed Ledger Technology (DLT), which IOTA is built upon was dubbed as the technology that makes production faster, cheaper and more secure at the event, IOTA was saddled with the responsibility of using DLT and Internet of Things (IoT) to devise advanced Industry 4.0 to create numerous solutions in the network industry, adding more security, speed, cost efficiency, performance effectiveness to the industry.

IOTA through the event was able to partner with bigwig tech companies like RWTH Aachen University (Germany), DXC Technology, Innoenergy and more.

IOTA In The Market

The market, over the past few weeks, has been favourable for the altcoin as it continues to gain more and more values. Presently ranked 9th in the market, IOTA, in the last 7 days has been able to add 12.01% to its value and the last 30 days featured the addition of 143.5%.

Conclusively, the current development in the value of the altcoin could be attributed to the partnerships, developments and solutions IOTA has been creating lately, informed enthusiasts see big hope in the cryptocurrency.